ClearGrid has announced a USD $10 million funding round, signalling its official launch from stealth with plans to revamp debt collection in the MENA region through an artificial intelligence-driven platform.
The fintech company aims to address the challenges of the $500 billion MENA consumer lending market, which has seen legacy debt collection processes become increasingly inefficient and outdated. ClearGrid proposes a digital solution that seeks to halve collection costs and double recovery rates, while also providing better outcomes for both lenders and borrowers.
ClearGrid’s funding was secured through two separate rounds. The…
